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Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out

RealDude

RealDude

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Dec 30, 2021
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#1
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#7
Companies that have disclosed exposure with Silicon Valley Bank: -

- Circle: $3.3 billion
- Roku: $487 million
- BlockFi: $227 million
- Roblox: $150 million
- Ginkgo Bio: $74 million
- IRhythm: $55 million
- RocketLab: $38 million
- SangamoTherapeutics: $34 million
- LendingClub: $21 million
- Payoneer: $20 million
 
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#8
Add silvergate bank and signature bank to the list. The top 3 banks in this market are down, so buckle up and get ready for the dozens of crypto companies/exchanges that used these banks for their fiat services and on/off ramp operations to tell you that their "fiat" services are down for "maintenance" :confused:.

https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html
 
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#9

After SVB failure, US acts to shore up banking system confidence​

U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank (SIVB.O)threatened to trigger a broader financial crisis.

After a dramatic weekend, regulators said the failed bank’s customers will have access to all their deposits starting Monday and set up a new facility to give banks access to emergency funds. The Federal Reserve also made it easier for banks to borrow from it in emergencies.

While the measures provided some relief for Silicon Valley firms and global markets on Monday, worries about broader banking risks remain and have cast doubts over whether the Fed will stick with its plan for aggressive interest rate hikes.

https://www.reuters.com/business/fi...uyer-industry-frets-about-fallout-2023-03-12/
 
#10
Great prediction guys ;)

1678697517833.webp
 
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#11
GeneralGogol said:
Great prediction guys ;)

View attachment 4582
Click to expand...
Go buy into the suckers rally....ROFL

Like always nice coordinated playbook
Stock market was no suckers rally of course heh ? and the news about collopsing bank right on top of suckers rally.What a nice coincidence ROFL
At least all markets will go down even commodities opening doors for cheap buying and lowering some cost average in the next 3 months
 
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#18
Signature's letter to me in 2018:

"Re: Account #xxx
Dear Mr. Doe:
Please accept this email letter as notification that Signature Bank has decided to close out the banking relationship currently opened under the entity named xxx effective xxx 2018.
Please make arrangements to transfer the money from the account prior to xxx.
Should you have any questions, please contact Joseph Seibert, SVP & Group Director Digital Asset Banking, at 646.949.4022.
Thank you. "
 
#19

Biden pledges 'whatever needed' for U.S. system as banks hit by SVB fallout​

Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system, after Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O) collapsed late last week.

Biden's attempt to reassure markets and depositors came after emergency measures by the United States to guarantee deposits at tech-focused lender SVB failed to dispel investor worries about potential contagion to other banks worldwide.

In the United States, First Republic Bank (FRC.N) tumbled by as much as 76.6% despite news it had secured fresh financing, while Western Alliance Bancorp (WAL.N) and PacWest Bancorp (PACW.O)fell 82.5% and 53%, respectively. Trading in the stocks was halted several times due to volatility.

https://www.reuters.com/markets/asi...umes-svb-market-turmoil-continues-2023-03-13/
 
#20

Global bank stock rout deepens as SVB collapse fans crisis fears​

Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook.

Banking stocks in Asia extended declines, with Japan's banking subindex leading the fall, down 6.7% in early trade to its lowest since December.

"Bank runs have started (and) interbank markets have become stressed," said Damien Boey, chief equity strategist at Sydney-based investment bank Barrenjoey. "Arguably, liquidity measures should have stopped these dynamics but Main Street has been watching news and queues – not financial plumbing."

08F18DDD-B554-4343-931A-174DC5149291.webp


https://www.reuters.com/markets/glo...ns-svb-collapse-fans-crisis-fears-2023-03-14/
 
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